Gold Futures have breached a crucial support level around the ₹96,000–₹95,800 zone, indicating a potential shift in momentum. The breakdown below this horizontal support, confirmed by a strong red candle, opens the gates for a deeper correction.
🔻 Bearish Observations:
Price has broken down from a consolidation range.
The support zone marked by the blue line has failed to hold, triggering selling pressure.
Bearish engulfing structure suggests sellers are gaining control.
📌 Next Key Level to Watch:
Downside target lies near the ₹93,850 zone — marked by the green support block — which may act as the next demand area.
💡 Outlook:
As long as Gold sustains below the ₹96,000 resistance, the bias remains bearish. Traders may look for shorting opportunities on pullbacks with a tight stop-loss above the breakdown zone.
🔻 Bearish Observations:
Price has broken down from a consolidation range.
The support zone marked by the blue line has failed to hold, triggering selling pressure.
Bearish engulfing structure suggests sellers are gaining control.
📌 Next Key Level to Watch:
Downside target lies near the ₹93,850 zone — marked by the green support block — which may act as the next demand area.
💡 Outlook:
As long as Gold sustains below the ₹96,000 resistance, the bias remains bearish. Traders may look for shorting opportunities on pullbacks with a tight stop-loss above the breakdown zone.
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⭐ FNO Trades
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Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Get BTST Toolkit:
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.